crude oil

Global oil markets are facing significant pressure as U.S. sanctions on Russia and Iran intensify, while extreme weather conditions across the Northern

The amount of oil stranded off the Chinese coast is growing as traders, refiners and shipping companies try to avoid being caught up in the

By Kevin Orland Jan 11, 2025 (Bloomberg) –Enbridge Inc. is devising plans to rapidly boost capacity on its US oil pipeline system if the incoming

Russia’s seaborne crude exports slumped to the lowest level since August 2023, with the latest dip stretching the loss since an October peak to 540,000

The volume of global crude exports in 2024 declined 2%, the first fall since the COVID-19 pandemic, shipping data showed, due to weak demand growth and as

Despite tightening Western sanctions, Iran’s oil exports reached 587 million barrels in 2024, marking a significant 10.75% increase from the previous

The European Union is working on a new package of sanctions aimed at targeting the shadow fleet of tankers Russia is using to get its oil to market, according

By Dimitri Rhodes Nov 7 (Reuters) – Belgian oil tanker company CMB Tech says it will focus on the fast growing market in India as it reported third

(Bloomberg) — The Environmental Protection Agency has given its blessing for a proposed Texas oil port capable of exporting 1 million barrels of oil a

By Robert Tuttle (Bloomberg) A tanker of Canadian crude was shipped from Vancouver to Alaska for the first time in at least 10 years as the recently expanded

(Bloomberg) — Iran’s oil production has defied years of US sanctions to return to almost full capacity — a tide of supply that looks increasingly

(Bloomberg) — Trafigura Group could switch more of its crude-oil tankers to carry refined products if sluggish market conditions persist. About

By Malte Humpert (gCaptain) – Crude oil shipments via the Arctic look set to reach a new highpoint in the coming weeks. The largest oil tanker to venture

LONDON, Aug 9 (Reuters) – Iran has sent small shipments of crude oil to new destinations such as Bangladesh and Oman, according to

OTTAWA, Aug 6 (Reuters) – Canada recorded a surprise trade surplus of C$638 million ($461 million) in June, data showed on Tuesday, mainly led by a

By Georgina McCartney HOUSTON Aug 2 (Reuters) – Oil prices fell on Friday, settling at their lowest since January after data showed the

(Bloomberg) — The cost of shipping crude oil along key routes to Asia is slumping as supertankers take shorter trips and demand softens in China. Freight

(Bloomberg) — Canada’s newest oil pipeline has turbo-charged exports of the country’s heavy crude to Asia and a diversion through California

ATHENS, June 4 (Reuters) – The crude oil tanker market is grappling with an ageing fleet of vessels which need to be replaced, posing a challenge as

By Ahmad Ghaddar, Alex Lawler and Maha El Dahan LONDON/DUBAI, June 2 (Reuters) – OPEC+ agreed on Sunday to extend most of its deep oil output